The Board has an Audit Committee constituted pursuant to Clause 49 of the Listing Agreement. The role of the Audit Committee includes the following:

 

• Overseeing the Company’s financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible. 

 

• Recommending to the Board, the appointment, re-appointment and, if required, the replacement or removal of the statutory auditor and the fixation of audit fees. 

 

• Reviewing, with the management, the annual financial statements before submission to the board for approval.

 

• Reviewing the adequacy of internal audit function and the adequacy of the internal control systems.

 

Present Members of the Committee as of February, 2017 are - 

 

1. Mr. Kamlesh Gandhi - Chairman (Independent Director)

2. Mr. VS Raju - Member (Independent  Director)

3. Dr. R. Kalidas - Member (Independent Director)

4. Mr. Ashven Datla - Member (Director)

 

The Managing Director, Executive Directors, and CFO are permanent invitees to this Committee. The terms of reference of the Audit Committee are in accordance with the provisions of Clause 49 of the Listing Agreement.